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Current Projects

Penrose Plaza

A joint venture led ARD, spearheaded the acquisition of the 263,000 Penrose Plaza Shopping Center. The partnership also includes Onyx Equities of Woodbridge, New Jersey. Plans for the project include a major expansion of the anchor food market operated by Browns Super Stores, Inc. along with a re-tenanting of the currently vacant 95,000 square foot former K mart store.

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Pennsbury Plaza

ARD acquired this +/- 70,000 strip located in Morrisville, Bucks County, Pa in early 2014 and will be replacing its currently anchor, Sears Hardware with a 22,000 square foot Planet Fitness  to be owned and operated by the Rufo family. The Rufo’s are known be the best and most successful operators of Planet Fitness facilities in the country and their presence in the new project will enable Abrams to transform this development.   Leasing is well underway, spearheaded by ARD Brokerage and Jason Abrams. Planet and the newly renovated center are expected to kick off by fourth quarter 2014.

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LA Fitness at Marlton, NJ

Abrams has entered into a JV with LAZGOR, LLC and its principals Peter Lazaropolous and Henry Gorenstein to redevelop 10 acres at Green Tree Road and NJ Route 73. This property, currently occupied by C grade office space will be redeveloped into +/- 90,000 retail center anchored by a 45,000 square foot LA Fitness.  ARD Brokerage will handle the leasing for this project expected to break ground in early 2015.

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Court at Hamilton

This 85% vacant shopping center in Hamilton Township New Jersey, just outside of Trenton will be begin it’s rebirth by the end of 2014.  The project will include a 158,000 square foot “Super” Walmart along with Rainbow, Kicks USA,  Burger King and others. Total project GLA will be +/- 205,000 upon completion.  Commencement of renovations was unfortunately delayed by a frivolous lawsuit brought on by an anti-Walmart retail union base in Southern New Jersey. Now that the lawsuit has been settled we expect to deliver stores by late 2015.

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